Terra unveils latest mixed-use project near Downtown Doral

Demand for sprawling suburban shopping centers remains strong in South Florida

Miami /
Nov.November 20, 2019 08:45 AM
Rendering of Doral Square and David Martin

Rendering of Doral Square and David Martin

David Martin’s Terra revealed plans for a retail center near Downtown Doral, as demand for sprawling suburban shopping centers remains strong in South Florida.

Tenants of the 150,000-square-foot shopping center include 24-Hour Fitness and Marshalls, according to a release. Doral Square, on the southeast corner of Doral Boulevard and 87th Avenue, will break ground by the end of the year. Construction is expected to be completed in 2021.

Rod Castan of The Courtelis Company is handling leasing. World of Beer and Panda Express have also signed on as tenants. Touzet Studio is designing the project to include plazas, public seating and pedestrian promenades.

Terra paid $12.5 million for the property in September 2017, property records show.

The project will be next to Modern Doral, a single-family home community that Terra developed with 319 homes. Terra is also building Atrium at Doral nearby, a mixed-use development; and District 79, a mixed-use industrial and retail project.

Codina Partners, along with other partners, developed the nearby Downtown Doral. That complex will have more than 1 million square feet of commercial space, 400,000 square feet of Class A office space and 5,000 residential units. The master-planned community will include a city hall, a charter school and Publix that are already open, town homes, single-family homes and condo towers.


Related Articles

arrow_forward_ios
Stephen Schwarzman with the site (Getty, Google Maps)

Blackstone pays $21M for Doral industrial dev site

Blackstone pays $21M for Doral industrial dev site
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)

Holman sells former Fort Lauderdale BMW dealership for $6M

Holman sells former Fort Lauderdale BMW dealership for $6M
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)

Related scores $88M construction loan for Dorsey project in Wynwood

Related scores $88M construction loan for Dorsey project in Wynwood
Axonic's Clayton DeGiacinto and Jonathan Shechtman with 10000 Northwest 45th Terrace, Doral (Google Maps)

Axonic Properties pays $37M for bulk purchase of Doral condos

Axonic Properties pays $37M for bulk purchase of Doral condos
12301 West Sunrise Boulevard with Raanan Katz, Bob Barth, Zach Zalben and Stanley Black (Google Maps, Linkedin, Getty)

Miami Heat minority owner continues Best Buy shopping spree with $12M Plantation deal

Miami Heat minority owner continues Best Buy shopping spree with $12M Plantation deal
From top: Ruben Lujo from Broward Meat, SunCap's Scott Auker and Ross Realty's Barry Ross with Penn Dutch Plaza shopping center in Margate (Linkedin, Google Maps)

Part of Margate shopping center formerly anchored by Penn Dutch sells for $12M

Part of Margate shopping center formerly anchored by Penn Dutch sells for $12M
Costco CEO Craig Jelinek and 8300 Park Boulevard, Miami (Costco, Google Maps, iStock)

Costco sells site near Doral to Trammell Crow for $19M

Costco sells site near Doral to Trammell Crow for $19M
(Google Maps)

Here are South Florida’s biggest retail leases in 2020

Here are South Florida’s biggest retail leases in 2020
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...